‘We’ll be one of the few airlines to make a profit’
Wednesday, 29 Jul, 2009
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Easyjet’s total revenue rose by 12% to £721 million in its third quarter despite uncertain economic conditions.
The budget carrier said it was on course to make underlying pre-tax profits in the range of £25 million to £50 million for the year to the end of September.
The number of passengers carried in the past three months rose by 2.9% to 11.9 million, with a 12% growth in passengers originating in mainland Europe.
Total revenue per seat was up by almost 11% to £51.42, an increase per seat of 4.8% on a constant currency basis, partly due to the movement of Easter from the second quarter of 2008 to the third quarter of 2009.
The airline claimed it had made market share gains across Europe particularly at Gatwick, Milan, Paris and Madrid.
More than three quarters of summer seats are now booked.
Economic conditions remain uncertain and obviously August is an important month, a statement said.
Chief executive Andy Harrison said: “This has been a resilient third quarter and our position has continued to strengthen as we made market share gains across Europe.
“Easyjet is continuing to perform relatively well in tough trading conditions and we expect to be one of the few airlines to make a profit this year.
“Easyjet’s fundamental competitive strengths continue to prevail; particularly the strength of our network and focus on cost reduction.”
by Phil Davies
Phil Davies
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